Zalando AG (ISIN: DE000ZAL1111) has been listed in the Prime Standard of the Frankfurt Stock Exchange since 1 October. This makes approximately 245 million shares in the online fashion retailer tradable. The initial listing price was €24,10; the issue price €21.50. The total issue volume including greenshoe was €605 million.
The consortium banks are Morgan Stanley, Goldman Sachs International and Credit Suisse. Baader Bank AG is the specialist.
“We are delighted that Zalando has chosen Frankfurt for its IPO. As one of more than 320 companies in the Prime Standard, Zalando now not only meets the highest transparency requirements for investors, but is also eligible for the international DAX index family,” said Dr Cord Gebhardt, Managing Director of the Frankfurt Stock Exchange.
Rubin Ritter, member of the management board of Zalando SE said, “The IPO in the Prime Standard just six years after foundation is a huge success and key milestone for Zalando. Frankfurt is one of Europe's most important stock exchange venues and reflects our role as a major European business.”
According to the company's own data, Zalando (www.corporate.zalando.de) is Europe's largest provider of shoes and fashion. The company markets its goods online only. The extensive offering for men, women and children ranges from well-known fashion brands to popular designer labels – Zalando works with over 1,500 brand manufacturers. Customers can choose from exclusive accessories and sporting goods in addition to shoes and clothes. The company also offers a unique combination of services: free delivery and returns, a free service hotline, and a 100-day returns policy on all products in some markets makes shopping online a safe and relaxed experience. The company was founded in 2008 by Robert Gentz and David Schneider, and is based in Berlin. Following its success in Germany, it expanded deliveries to neighbouring European countries in 2009, first Austria, followed in 2010 by the Netherlands and France, and Italy, the UK and Switzerland in 2011. Zalando has also been available in Sweden, Belgium, Spain, Denmark, Finland, Poland and Norway since 2012 and in Luxembourg since 2013.
